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Forex
Reaches downside target for range breakout
EUR/GBP has recently reached a key downside target after breaking out of a range. The Relative Strength Index indicates that the pair is oversold, suggesting a bearish trend in the…
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USD/CHF remains timid around 0.8950 due to investors’ caution ahead of FOMC decision
USD/CHF is trading sideways around 0.8970 as traders await the Fed's interest rate decision. The Swiss Franc is gaining strength due to the SNB's hawkish stance. The CME FedWatch…
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NZD/USD depreciates to near 0.6150 as the Fed is expected to keep the policy rate unchanged
The NZD/USD pair is seeing a slight decline as traders show preference for the US Dollar ahead of the Federal Reserve's interest rate decision and the release of US inflation data…
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EUR/JPY dives to 168.50 on election risk, focus shifts to BoJ policy
The EUR/JPY pair dropped to 168.50 due to political uncertainty in the Eurozone. French President Macron called for a snap election after Far-right party led by Bardella gained…
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USD/JPY Forecast – US Dollar Continues to Grind Higher Against Yen
The US Dollar is currently on the rise against the Japanese Yen, with important events like the FOMC meeting and CPI numbers in America looming ahead. The market is expected to…
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This week’s long GBP/USD trading outlook
In the latest episode of "Trading the trend," Axel Rudolph reviews past trading outcomes and discusses the importance of setting stop-loss levels. Despite a poor entry, a long…
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AUD/USD Forecast – Aussie Dollar Continues to See Chop
The Australian Dollar versus the US Dollar has been experiencing some back and forth movement in the early hours of Wednesday. Traders are keeping an eye on the upcoming CPI…
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USD/CAD Forecast: Loonie Gains on Upbeat Oil Demand
The Energy Information Administration (EIA) has updated its demand growth forecasts, projecting a more positive outlook. This was supported by a larger-than-expected drop in US…
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EUR/USD rallies above 1.0800 after soft US Inflation report, Fed’s policy eyed
The EUR/USD pair bounced back to 1.0830 following a weaker-than-expected US Inflation report. This has raised expectations of a Fed rate cut in the upcoming September meeting. On…
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GBP/JPY sticks close to 197.00 as Yen weakens further
The GBP/JPY pair made a recovery to familiar highs as the Japanese Yen weakened. This came after Japan's GDP growth for the first quarter contracted faster than expected, with a…
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